IHTM17055 - Payments forming part of death estate: pension continues after death

If the deceased was entitled to a retirement annuity or pension which continued after their death, the guaranteed payments will be liable to IHT if payable as of right to the personal representatives ( IHTM05012). It then forms part of the death estate ( IHTM04029) and IHT is payable on the open market value at the date of death. Full details should be given on the form IHT409 ( IHTM10035).